News

Core42 raises USD 550m to scale AI infrastructure in US and Europe

UAE-based AI infrastructure firm Core42 has secured USD 550 million through two structured trade finance facilities from HSBC, earmarked for accelerating its AI cloud and compute deployments across the US and Europe.

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Economy News

MGX backs USD 2.1bn AI drug design round

Abu Dhabi's MGX has joined a USD 2.1 billion Series B funding round for Isomorphic Labs, a UK-based AI-driven drug design company.

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Economy News

Sheikh Hamdan approves AED 1.5bn economic incentives package

Dubai has unveiled a second economic incentives package worth AED 1.5bn, approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.

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News

ADGM revises AML and CTF framework as LPA numbers surge

The Abu Dhabi Global Market has published a comprehensive update to its Anti-Money Laundering and Counter-Terrorist Financing Risk Assessment for Legal Persons and Arrangements (LPAs).

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News

UAE pledges USD 5bn to India in energy and AI push

The UAE has committed USD 5 billion to India's energy and AI sectors following an official visit by President HH Sheikh Mohamed bin Zayed Al Nahyan to New Delhi, where he met Prime Minister Narendra Modi to advance their comprehensive strategic partnership.

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News

Emirates breaks ground on USD 5.1bn MRO mega-complex at Dubai South

Emirates has broken ground on a USD 5.1 billion engineering complex at Dubai South set to become the world's most advanced maintenance, repair and overhaul (MRO) facility.

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News Real Estate

UAE property market holds firm despite regional conflict

The UAE real estate sector has demonstrated notable resilience in the face of regional instability, with 59 new projects worth AED 118.3 billion launched since the military conflict involving the US, Israel and Iran escalated on 28 February.

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News

Mubadala Energy takes stake in USD 13bn US LNG project

Mubadala Energy has joined Kimmeridge and CPP Investments as an equity participant in the Commonwealth LNG export facility in Cameron Parish, Louisiana.

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News

Dubai climbs to fourth in IMD Smart City Index 2025

Dubai has risen eight places to rank fourth globally in the IMD Smart City Index 2025, retaining its position as the top-ranked city in the GCC, the Arab world, and Asia.

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News Startup

TruKKer secures AED 1.1bn securitisation facility from ADCB

Middle East trucking platform TruKKer has secured an AED 1.1 billion securitisation facility from Abu Dhabi Commercial Bank (ADCB), marking a landmark shift in how GCC technology startups access capital.

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